Bernstein analyst Daniel Roeska raised the firm’s price target on General Motors (GM) to $36 from $35 and keeps an Underperform rating on the shares. The firm says GM sounded upbeat on the Q1 call, but the optimism looks misplaced. The $4B to 5B tariff hit in guidance only covers the remainder of 2025. More headwinds to be expected in 2026, Bernstein adds.
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